Global Aerospace Market Outlook for Manufacturers

ELK GROVE VILLAGE, IL, July 26, 2022 - 

As the aerospace industry continues to recover from the pandemic, companies will look toward leveraging digital solutions, increasing production, and expanding MRO activity. 

Trends in commercial air travel have shown a positive increase, working to reach pre-COVID levels. Aircraft manufacturers are focused on small and medium-sized aircraft bodies in order to be in strong positions to benefit from this demand. As such, their suppliers can expect an uptick in parts required for these planes. With air travel demand continuing to grow, the aftermarket could show a solid recovery by the end of 2022.

With air travel moving in a positive trend, this will also drive an increase in aftermarket activity. With higher utilization of aircraft a need for maintenance, repair, and overhaul (MRO) usually directly corresponds. MRO companies should look to optimize their production line and supply chain strategies in order to open new opportunities to expand their business. 

Digital is Driving Growth

An increased shift towards digital in order to improve operational efficiencies will continue to be embraced. In doing so, the industry as a whole will gain critical component supply visibility and be able to increase production efficiency. By gaining access to insights and machine actions companies will be able to increase time to market, lower service costs, and be better positioned to meet customer demands.  It is crucial for an aerospace business to remain agile during this growth period. 

Innovative smart factory technologies will be seen as a main driver of revenue moving into the latter part of 2022 and into 2023. By providing proactive remote monitoring and predictive capabilities, OEMs, airlines, and MRO companies can set themselves apart from the competition. Smart factory capabilities will allow companies to utilize performance data to improve customer engagement, field service efficiency, and open up new growth opportunities. 

Leverage Machine Tool Innovation 

Shibaura Machine continues to support the aerospace industry as a global leader in precision machine tool solutions. Built specifically with the aerospace market in mind, machines are able to support complex shapes, large part sizes, and difficult-to-cut metals. Options such as built-in rotary tables are also purpose-built to machine large structural aerospace workpieces. Furthermore, by merging existing solutions with our machiNetCloud IIoT solution and advanced manufacturing methods, we are empowering companies to create a smart end-to-end production line while improving supply-chain efficiencies.  

Despite significant challenges in the aerospace industry, the outlook is positive. Shibaura Machine is committed to providing innovative solutions to the industry to help rebuild lost revenue, increase operational efficiency, and serve changing market demands as it moves forward.

Contact the Machine Tool Sales Team to learn more.

MT-Sales@shibaura-machine.com